Edition:
United States

Kontron AG (KBCG.DE)

KBCG.DE on Xetra

3.00EUR
12:35pm EDT
Change (% chg)

€0.00 (+0.10%)
Prev Close
€3.00
Open
€3.00
Day's High
€3.02
Day's Low
€2.97
Volume
53,818
Avg. Vol
77,845
52-wk High
€3.28
52-wk Low
€2.18

Latest Key Developments (Source: Significant Developments)

Kontron says restructures company's financing
Monday, 6 Feb 2017 02:28am EST 

Kontron AG : Said on Friday had successfully restructured its financing and thereby laid the foundation for the effective continuation of the companies' operational restructuring .Financing was ensured through a majority of new financing partners, as well as a financing commitment from S&T AG.  Full Article

Kontron: Thomas Riegler resigns from management board position
Wednesday, 25 Jan 2017 11:59am EST 

Kontron AG : Finance and Chief Restructuring Officer dr. Thomas Riegler resigns from office by mutual agreement after securing refinancing . Thomas Riegler informed supervisory board of Kontron AG that he will resign from his management board position with effect from Jan. 31, 2017. . Stefan Franke, head of finance at Kontron, who has been with kontron for nearly three years takes over responsabilties .Appointment of a new member of management board is planned to be decided shortly.  Full Article

Kontron Q3 revenue down 21.1 pct to EUR 89.5 million
Thursday, 27 Oct 2016 01:00am EDT 

Kontron AG : Kontron announces Q3 results in line with revised expectations for full year 2016 . Q3 revenues 89.5 million euros(down 21.1 % on 3Q15: 113.4 million euros) . Q3 order backlog 261.7 million euros (down 18.4 % on 3q15: 320.7 million euros) . Q3 EBIT loss net of restructuring cost and non-recurring costs comes to 6.7 million euros (3q15: 5.1 million euros) . Kontron expects revenues in second half of 2016 to remain comparable to first six months . Expects adjusted EBIT margin and gross margin are likely to be lower in second half of 2016 than in first six months . Q3 order intake 79.0 million euros (down 29.0 % on 3q15: 111.2 million euros) .New restructuring program commenced.  Full Article

S&T to acquire a stake of up to 29.9 pct in Kontron
Wednesday, 12 Oct 2016 06:00am EDT 

S&T AG : In advanced negotiations with Foxconn subsidiary Ennoconn about investment in S&T AG . Negotiations with Ennoconn corporation regarding an investment of Ennoconn corporation in S&T AG in the course of a 10 percent cash capital increase . Capital would thus rise from 43,916,204 euros to 48,299,824 euros ($54.10 million) . S&T AG intends to use the cash inflow from the cash capital increase to acquire a stake of up to 29.9 percent in Kontron AG, Augsburg .Management board of S&T AG announced that it is in advanced negotiations with Kontron AG shareholders to acquire a total of up to 29.9 percent of Kontron AG shares.  Full Article

Kontron withdraws its guidance for 2016
Friday, 15 Jul 2016 01:52am EDT 

Kontron AG : Kontron withdraws its guidance for 2016 . Says revenues, gross margin and adjusted EBIT margin are expected not to meet 2016 guidance given earlier this year and kontron also expects significant impairments regarding goodwill and capitalized development projects . Announces that revenue weakness encountered during first half of year is unlikely to be recovered during second half considering most recent forecast review that has just been completed .Says managemement board will initiate a further extensive program in order to address revenue development as well as counter measures on cost side.  Full Article

Kontron partners with Connect Tech, Inc
Monday, 6 Jun 2016 04:41am EDT 

Kontron AG :Announces partner agreement with Connect Tech expanding access to a wider range of come based solutions.  Full Article

Kontron to appoint new CFO
Friday, 3 Jun 2016 06:17am EDT 

Kontron AG : Announces changes in its CFO position. Michael Boy, previously responsible CFO, has resigned as a member of management board with immediate effect .His successor will be Frank Gumbinger, who will take office as chief financial officer no later than January 1, 2017.  Full Article

Kontron confirms FY 2016 outlook
Thursday, 28 Apr 2016 01:00am EDT 

Kontron AG:FY 2016 guidance confirmed.Anticipates revenues between 460 million - 480 million euros for FY 2016, as well as a gross margin in excess of 25 pct.FY 2016 revenue estimate 464.00 million euros - Thomson Reuters I/B/E/S.  Full Article

Kontron gives FY 2016 sales guidance below analysts' estimate
Thursday, 17 Mar 2016 02:00am EDT 

Kontron AG:Sales are expected between 460 million euros and 480 million euros and a gross margin of above 25 pct for FY 2016​.FY 2016 revenue estimate 489.85 million euros - Thomson Reuters I/B/E/S.  Full Article

Kontron to sell 49 pct stake in unit Kontron Canada Inc. to Ennoconn Corp.​
Friday, 22 Jan 2016 01:40am EST 

Kontron AG:‍To sell a 49 pct stake in its subsidiary Kontron Canada Inc. to Ennoconn Corporation​‍.Kontron AG and Ennoconn to enter into a strategic partnership in communication business​ ‍.Ennoconn to take a 49 pct stake in Kontron's subsidiary, Kontron Canada Inc. (KCI), paying $57.3 million.  Full Article

More From Around the Web

BRIEF-S&T plans to merge Kontron with its wholly-owned subsidiary

* Plans to merge Kontron AG with its wholly-owned subsidiary as well as a non-cash capital increase Source text for Eikon: Further company coverage: (Gdynia Newsroom)